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Business

Reuters
Yesterday

Bitcoin rises alongside global markets as rate cut expectations mount

Ether also continued its upward trend. Year-to-date, ether has gained 42 per cent, outperforming 32 per cent rise in bitcoin.

Business

Web Desk Karachi
Jul 03, 2025

Trump calls for Federal Reserve chair Jerome Powell’s immediate resignation

Trump, who nominated Powell to lead the Fed during his first term, has repeatedly criticized him for not lowering interest rates, although it remains unclear whether the president has the legal authority to dismiss Powell from his position.

Latest

AFP
May 17, 2025

US Fed plans to cut workforce by 10% in next ‘couple of years’

The plans will include a “voluntary” deferred resignation program for eligible employees at the Federal Reserve Board in Washington.

Business

Reuters
May 12, 2025

Dollar surges after China-US truce improves growth outlook

The greenback’s climb clobbered safe-haven currencies the most, rising 1.9 per cent to 148.16 yen and 1.5 per cent to 0.8443 Swiss francs.

Business

Reuters
Mar 19, 2025

Wall St gains ahead of Fed decision; dollar firms as Turkish lira slides

Megacap tech-related momentum stocks rebounded in a risk-on revival that put the Nasdaq out front and strengthened the dollar.

Business

Reuters
Jan 30, 2025

Wall Street ends down but off day’s lows; Fed holds rates steady

Technology shares were the biggest drags on the S&P 500, with Nvidia and Microsoft among stocks leading the way down.

World

Reuters
Dec 19, 2024

Trump, not yet in office, already a figure in global economic policy

The Fed cut rates as expected on Wednesday amid a busy year-end run of central bank meetings from Ottawa and Frankfurt to Tokyo and London that showed heightened uncertainty ahead of Donald Trump entering the White House in the new year.